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Be Well and Stay Well.  Our Health Savings Account allows you to deposit pre-taxed dollars that you can use for many medical expenses.

Key Features

  • No Setup or Maintenance Fees
  • Competitive Dividends
  • Enhanced Access to Funds
  • Free Digital Banking


With the Riverview Credit Union Health Savings Account, you can contribute money to it on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. You own and control the money in your HSA since it works just like a regular savings account. Learn more and start living better (and smarter) today with the Riverview Credit Union Health Savings Account

Key Features

  • No account maintenance fees (e.g., setup, monthly or annual)
  • No minimum balance requirement
  • Earns dividends on the entire balance (current rate of 1.00% or 1.00% APY). 
  • 1 free box of checks
  • Free debit card


  • Must be covered under a qualified, high deductible health plan
  • Must not have coverage by another type of health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare

Contribution Limits

  • Contribution limits are set by the IRS. 2021 contribution limits are:
  • $3,600 for a single person
  • $7,200 for a family
  • A person age 55 or older may make an additional $1,000 in "catch-up" contributions

What's an HDHP?

A high deductible health plan (HDHP) is an alternative health insurance plan to a traditional HMO or PPO plan. As the name implies, an HDHP has a higher deductible than regular health insurance plans. This may mean more out-of-pocket expenses up front. But once the deductible is met, an HDHP typically pays for 100% of covered medical costs. So in the long run, an HDHP usually means less — often significantly less — out-of-pocket expenses.

But what about that initial high deductible?

That's where combining your HDHP health insurance to a health savings account (HSA) comes in. By accumulating funds in your HSA, you will have the cash needed to cover those costs. What's even better is your HSA is tax exempt.

Dividends: APY = Annual Percentage Yield. APYs accurate as of 10/1/2022. Dividends are paid monthly based on the average daily balance in your account.  Rates are variable and may change after account is opened without notice to you. No minimum balance required to open the amount or to obtain the APY shown. 
Membership Requirement: All individuals are required to maintain the required par value of one share in a Regular Share account at all times. 

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